Price Touching Alert MT5

What is Price Touching Alert MT5?

• Price Touching Alert MT5 is an innovative indicator designed for MetaTrader 5 that notifies traders when the price touches predefined levels.
• It allows users to set upper and lower price levels considered critical for trading action.
• The alert uses historical price data to trigger notifications, ideal for those focusing on support and resistance levels. 📊

How to Use Price Touching Alert MT5

• Attach the Price Touching Alert MT5 indicator to your trading chart.
• Set the upper and lower price levels in the settings, which should be situated at critical resistance or support levels.
• Once the price touches either the upper or lower levels, the indicator triggers alerts and notifications. 🔔

Features of Price Touching Alert MT5

• Flexible price level settings allow for precise control over alerts.
• Offers notifications via native pop-up alerts, email notifications, and mobile push notifications for real-time updates.
• Costs nothing; it is a free indicator available for all traders using MT5.

Comparison with Other Alert Tools

• Unlike tools that rely solely on complex algorithms or trading strategies, Price Touching Alert MT5 simplifies the alert process based on mere price interaction.
• Indicators like KT Bollinger Bands Alert also provide notifications but specifically focus on price actions related to Bollinger Bands.
• Price Touching Alert is particularly beneficial for traders focusing on range trading or those who prefer scalping strategies.⚡

User Experience and Feedback

• Users appreciate the simplicity of setting up alerts without needing extensive trading knowledge.
• Negative feedback often revolves around false alarms when prices hover around set levels.
• The tool has gathered attention due to its ability to keep traders informed without constant monitoring of charts.